About Hydrographic Equipment
The hydrographic survey refers to a process which is used to measure as well as describe the physical features of navigable earth’s surface. The equipment’s which is used to measure the navigable earth’s surface is known as hydrographic equipment’s. Various uses of the hydrographic survey such as preparation for nautical charts, for planning dredging, determination of contour, for lake & river survey and others. In addition, it is also used for the design of numerous projects such as dams, bridges, reservoirs, marine structure, harbors, ports, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.31% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Hydrographic Equipment market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Innomar Technologie GmbH (Germany), Kongsberg Gruppen ASA (Norway), Mitcham Industries Inc. (United States), Moog Inc. (United States), Seafloor Systems Inc. (United States), Sonardyne International Ltd. (United States), SyQwest Incorporated (United States), Teledyne Technologies Inc. (United States), Valeport Ltd. (United Kingdom) and Xylem Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ohmex (United States), Raytheon Company (United States), Seafloor Systems, Inc. (United States), Furgo (Netherland) and Atlas Elektronik (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Hydrographic Equipment market by Type (Sensing Systems {Bathymetric Systems, Side-Scan Sonars, Others}, Positioning Systems {Inertial Navigation Systems, Acoustic Positioning Systems, Others}, Subsea Sensors {Motion Reference Units, Magnetometers, Others}, Software {Data Acquisition Software, Data Processing Software, Others}, Unmanned Vehicles {Unmanned Underwater Vehicles, Others} and Others), Application (Port and Harbor Management, Hydrographic Charting, Coastal Engineering, Offshore Oil and Gas and Others) and Region.
On the basis of geography, the market of Hydrographic Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. Surface Vehicles will boost the Hydrographic Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Depth, the sub-segment i.e. Shallow Water will boost the Hydrographic Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Commercial will boost the Hydrographic Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement regarding Satellite Derived-Bathymetry (SDB)
Market Growth Drivers:
Growing Deployment of Hydrographic Survey Vessels, Increase in Offshore Renewable Wind Energy Projects and Rising Procurement of Hydrographic Survey Vessels for Numerous Application
Challenges:
Problem related to Fluctuations in the Oil & Gas Industry
Restraints:
Issue related to Lack of Skilled Professional to Operate Hydrographic Survey Equipment
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, among others and Rising Prices of Oil and Gas Owing To High Demand in Developing Countries
Market Leaders and their expansionary development strategies
In September 2021, New US-Europe Partnership To Advance USV Applications For Defence & Marine Survey Sectors. The partners aim to make MARTAC’s high-performance USVs more accessible for defence and marine surveying applications in Europe, with Subsea Europe Services providing added value through deep integration between the USVs and its own integrated technologies, which are designed and proven to simplify and optimise marine data acquisition.
In November 2023, CHC Navigation (CHCNAV), a global leader in unmanned surface vehicle (USV) technology, launched the Apache 3 Pro, an advanced compact hydrographic drone designed for autonomous bathymetric surveys in shallow waters. With its lightweight carbon fiber hull, IP67 rating, and semi-recessed motor, the Apache 3 Pro offers exceptional durability and maneuverability.
Key Target Audience
Survey Equipment Suppliers, Survey Equipment Manufacturers, Survey Training Bodies, Technology Support Providers, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.